In the West: Prince bin Salman unleashed the "oil war" in the background of several unresolved for Riyadh problems

After Friday's correction in the area of 34-35 per barrel Brent again strongly lost in the price at the opening of trading on April 6.
So, trading Monday on the stock exchanges began with a mark of 30.5 dollars per barrel, marking a price drop of 13 percent. It seemed that the oil has returned to trend down, but the further processes showed that the barrel is ready to compete for growth.

Within 6 hours from the start of trading, Brent crude rose to the level of 33.5 per barrel.


To Reach Friday's level yet, but experts believe that it is possible in the coming hours. The fact that today a Ministerial meeting on the so-called transaction OPEC+. The meeting, as previously reported, will be conducted via videoconference, and most importantly that it is going to discuss reducing production. Earlier in Russia said that there is a willingness to reduce if the same steps will be used for other participants of the market of "black gold".

Against this background, the authoritative edition of the financial-economic focus, The Economist came out with a material in which 2020 called "a lost year for Saudi Arabia". The author accuses the crown Prince Mohammed bin Salman in the outbreak of oil wars, which "together with the virus freezes the Saudi economy against the background of several unresolved issues, including the war in Yemen and the decline in investment". Salman recall the political struggle and his attempts to eliminate competition in the path to the throne.
In the West, adding that the situation for Riyadh can rectify possible compromise with other parties to the export market.